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Lloyds To Pay $370M In US, UK Libor-Rigging Deal

Lloyds Banking Group PLC on Monday agreed to pay approximately $370 million to settle claims from U.S. and U.K. authorities that its traders manipulated the London Interbank Offered Rate in several different denominations both during and after the global financial crisis.

  • 4th Circ. Sinks Va. Same-Sex Marriage Bans

    The Fourth Circuit on Monday struck down Virginia's state ban on same-sex marriages, continuing a string of federal and state court rulings finding similar state bans unconstitutional.

  • Smith & Wesson Settles SEC Foreign Bribery Charges For $2M

    Gunmaker Smith & Wesson Holding Corp. will pay $2 million to settle U.S. Securities and Exchange Commission charges that it violated the Foreign Corrupt Practices Act when employees and others made or authorized payments to foreign officials while trying to win contracts in Pakistan and elsewhere, the agency said Monday.

  • Russia Must Pay Yukos Investors $50B, Hague Court Rules

    The Hague's arbitration court has ordered the Russian Federation to pay former shareholders of defunct Yukos Oil Co. $50 billion in damages over its 2007 dismantling of the oil giant, according to decisions announced Monday.

  • McGuireWoods Beats Hospital's Suit Over Suspect LBO

    An Indiana federal judge on Friday cleared McGuireWoods LLP of helping insiders at Heartland Memorial Hospital LLC plunder the health care system's assets during a 2006 leveraged buyout that led to its bankruptcy, finding no impropriety in the underlying transaction.

  • $800M Asbestos Deal Will Let Specialty Products Exit Ch. 11

    RPM International Inc. has agreed to pay nearly $800 million into a trust over four years to handle asbestos-related injury claims against its Specialty Products Holdings Corp. unit and lift the home-repair products maker out of bankruptcy in Delaware, the company announced Monday.